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| | {{ForumReplyPost|UserID=Death&Taxes|Date=2 October 2007|Text=I have done this but it can be like making love to a porcupine. At some point the interest will become more of a conflict.}} | | {{ForumReplyPost|UserID=Death&Taxes|Date=2 October 2007|Text=I have done this but it can be like making love to a porcupine. At some point the interest will become more of a conflict.}} |
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| | + | {{ForumReplyPost|UserID=Proptaxguy|Date=2 October 2007|Text=Porcupines need love too. I highly recommend the waiver route. At that time one of them may decide to go elsewhere anyways, once they get thinking about it, and relieve you of your worries.}} |
Revision as of 18:32, 2 October 2007
Discussion Forum Index --> Tax Questions --> Can I serve them both - divorced clients
Sunny (talk|edits) said:
| 2 October 2007
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| I have been doing the couple's tax returns for the past 3 three years. They are in the process of divorcing. I know they will be filing their 07 returns MFS, and their 08 returns as two single taxpayers. They have both indicated that they would still retain me as their accountant after the divorce. Is it a common practice to keep serving them both? Is there any conflict of interest issue? What would you do? Thank you for your comments.
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Natalie (talk|edits) said:
| October 2, 2007
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| Conflict of interest. I would say probably yes. I think I would try to pick one of them. It's easy to say not being in that position.
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JAD (talk|edits) said:
| 2 October 2007
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| I was previously in that position. My insurance co said no way. One left and later I fired the other anyway. The ins co was concerned about conflict of interest and too much possibility of accidentally revealing personal information of one to the other. I did work for a guy who handled a lot of divorces. He said he would but only after getting both to sign letters waiving rights of confidentiality and acknowledging the conflict of interest.
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Jdugancpa (talk|edits) said:
| 2 October 2007
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| Circ 230 (at least the old version) allowed it if the conflict of interest is disclosed and acknowledged in writing by both parties.
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Taxref (talk|edits) said:
| 2 October 2007
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| I was in that situation once, and would advise against it. I wound up firing the ex-wife after she had me do a geat deal of work for her business and then refused to pay. She insisted I should bill the ex-husband instead, even though he no longer had anything to do with her company.
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Death&Taxes (talk|edits) said:
| 2 October 2007
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| I have done this but it can be like making love to a porcupine. At some point the interest will become more of a conflict.
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Proptaxguy (talk|edits) said:
| 2 October 2007
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| Porcupines need love too. I highly recommend the waiver route. At that time one of them may decide to go elsewhere anyways, once they get thinking about it, and relieve you of your worries.
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